The unmentioned parts of COBOL's history

Posted by be nice to me. on Stack Overflow See other posts from Stack Overflow or by be nice to me.
Published on 2010-04-13T21:00:34Z Indexed on 2010/04/13 21:03 UTC
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I'm very curious about old programming languages, especially COBOL, and as Wikipedia couldn't really tell me much about this topic, I decided to ask it here:

Was COBOL the first programming language really being used in financial, stock and banking systems?
Where exactly was COBOL used?
Was it used more frequently than Fortran or BASIC, for example?
I don't know if you lived at that time, but how did people react to the rising COBOL? Did they expect it to be the future?
When has COBOL actually stopped being used to create new, big systems?
Are you sure that there are still important legacy apps written in COBOL out there? I can't believe that somehow.

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